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Bannari Amman Spinning Mills (NSE:BASML) Equity-to-Asset : 0.40 (As of Sep. 2024)


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What is Bannari Amman Spinning Mills Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Bannari Amman Spinning Mills's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ₹4,059 Mil. Bannari Amman Spinning Mills's Total Assets for the quarter that ended in Sep. 2024 was ₹10,112 Mil. Therefore, Bannari Amman Spinning Mills's Equity to Asset Ratio for the quarter that ended in Sep. 2024 was 0.40.

The historical rank and industry rank for Bannari Amman Spinning Mills's Equity-to-Asset or its related term are showing as below:

NSE:BASML' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.24   Med: 0.31   Max: 0.4
Current: 0.4

During the past 13 years, the highest Equity to Asset Ratio of Bannari Amman Spinning Mills was 0.40. The lowest was 0.24. And the median was 0.31.

NSE:BASML's Equity-to-Asset is ranked worse than
68.03% of 1076 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.53 vs NSE:BASML: 0.40

Bannari Amman Spinning Mills Equity-to-Asset Historical Data

The historical data trend for Bannari Amman Spinning Mills's Equity-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Bannari Amman Spinning Mills Equity-to-Asset Chart

Bannari Amman Spinning Mills Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.25 0.27 0.37 0.33 0.33

Bannari Amman Spinning Mills Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.33 - 0.33 - 0.40

Competitive Comparison of Bannari Amman Spinning Mills's Equity-to-Asset

For the Textile Manufacturing subindustry, Bannari Amman Spinning Mills's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Bannari Amman Spinning Mills's Equity-to-Asset Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Bannari Amman Spinning Mills's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Bannari Amman Spinning Mills's Equity-to-Asset falls into.



Bannari Amman Spinning Mills Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Bannari Amman Spinning Mills's Equity to Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Equity to Asset (A: Mar. 2024 )=Total Stockholders Equity/Total Assets
=3993.38/12282.39
=0.33

Bannari Amman Spinning Mills's Equity to Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

Equity to Asset (Q: Sep. 2024 )=Total Stockholders Equity/Total Assets
=4059.115/10111.757
=0.40

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Bannari Amman Spinning Mills  (NSE:BASML) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Bannari Amman Spinning Mills Equity-to-Asset Related Terms

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Bannari Amman Spinning Mills Business Description

Traded in Other Exchanges
Address
252, Mettupalayam Road, Coimbatore, TN, IND, 641 043
Bannari Amman Spinning Mills Ltd is an integrated textile company engaged in the manufacturing of grey woven fabrics, knitted fabrics, and cotton yarn. The company is also engaged in the business of processing fabrics, garments, and wind power generation for captive consumption. It operates through the Textiles segment. Its divisions include Spinning, Weaving, Knitting, Processing, Garments, Home Textiles, and Wind. The products offered by the company include Mercerised polos, Hoodies, Bed linen set, Baby bath towels, and Baby duvet covers. Geographically, the group has a business presence in India and other countries, from which key revenue is derived within India.

Bannari Amman Spinning Mills Headlines

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